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TRUCKMAKERS' NEWS WORLWIDE
* USA - Chrysler CEO Confirms Partner Talks w/ GM, Renault-Nissan, Fiat, Tata
New York,NY,USA -Automotive Digest -14 Oct 2008: -- Cerberus Capital Management LP acquired Chrysler as smallest and most vulnerable of Detroit-3. Cerberus began entertaining offers for Chrysler less than a year after acquiring it. Industry outlook has worsened in recent months... Cerberus officials have discussed deals involving Chrysler LLC w/ GM and Renault-Nissan... Also have had contacts w/ Fiat SpA of Italy and India's Tata Motors... US auto sales tumbling this year to their lowest level in more than 15 years...* USA - Paccar’s 3Q Income Steady
Bellevue,WA,USA -Transport Topics -21 Oct 2008: -- Heavy-duty truck maker Paccar Inc. said its third-quarter profit about matched that of the same quarter a year ago, as it earned $299 million, or 82 cents a share, compared with $302.3 million, or 81 cents, a year ago... Net sales and financial services revenue totaled $4 billion, which included $3.68 billion in truck-related revenue, the company said Tuesday... Truck sales are expected to be about 150,000 vehicles this year and to improve slightly in the second half of 2009, in the range of 170,000 to 210,000, as fleets replace vehicles after several years of lower purchases, he said in a statement...* USA - Eaton Reports Higher 3Q Income; Cuts ’08 Forecast
Cleveland,OH,USA -Transport Topics -20 Oct 2008: -- Vehicle parts manufacturer Eaton Corp. said Monday its third-quarter net earnings rose, but lowered its full-year forecast due to economic conditions... Third-quarter net income rose to $315 million, or $1.87 per share, from $258 million, or $1.71, a year ago. Revenue rose 25% to $4.1 billion, Eaton said in a statement... The company lowered its 2008 earnings-per-share guidance due to “severe issues in world financial markets,” to a range of $7.10 to $7.20, from a previous forecast of $7.20 to $7.50... Eaton’s truck segment’s sales rose 15% to $620 million...* USA - Caterpillar’s Third-Quarter Income Slips 6%
Peoria,ILL,USA -Transport Topics -21 Oct 2008: -- Heavy equipment and diesel engine maker Caterpillar Inc. said Tuesday its third-quarter profit fell 6% on weaker worldwide economies and higher commodities costs... The company’s third-quarter profit was $868 million, or $1.39 a share, down from $927 million, or $1.40, a year ago. Sales rose 13% to a third-quarter record $12.98 billion...* UK - Mercedes Trucks Prove a Healthy Option
Blandford Forum, Dorset,UK -TNN - 20 Oct 2008: -- One of Britain’s leading suppliers of hospital furniture keeps its distribution operation fighting fit – by relying exclusively on Mercedes-Benz trucks... Hospital Metalcraft, of Blandford Forum, Dorset, started in 1953, specialising in the manufacture of filing cabinets and refurbishment of hospital beds and trolleys... Today, the family-owned and managed business, which is now in its third generation, designs, manufactures and distributes the extensive range of ‘Bristol Maid’ medical furniture, as well as storage solutions from Metro Health Care... Latest additions to the fleet were a pair of 18-tonne Mercedes Axor...Labels: truckmakers' news worldwide
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